Labour Debates Tax Cuts But Faces Questions Over Funding and Fiscal Credibility
• Labour considering tax cuts but unclear how they would pay for spending commitments, plans branded "fantasy economics" • Shadow Chancellor Rachel Reeves facing pressure to offer tax cuts to show Labour supports "opportunity and aspiration" • Tories accuse Labour of "not being honest" about fiscal reality and say tax cuts would require borrowing rises or higher taxes • Labour remains against cutting inheritance tax but open to reductions in income tax or national insurance • Both Labour and Tories accused of not being transparent about spending plans and potential need for cuts